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nasrah
$BTC
It really feels like a massive liquidation event is approaching...
Price action is still moving sideways even after 7 days of trading, while open interest is decreasing.
This suggests that perp traders are leaving the market, due to the amount of liquidations being low.
If perp traders are exiting the market and spot volume is decreasing, we could see a large move lower unless MMs decide to continue the rally.
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